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Expect spot gold prices to trade negative

Posted on 10 June 2014

Spot gold prices are expected to trade on the negative note on the back of strength in DX and expectations among the market participants that the US Federal Reserve may continue reducing its stimulus package at same pace, says Sushil Finance.
A spot gold price decreased by 0.08 percent on Friday’s trading session on the back of positive job data from US indicating improvement in labor market. Further, strength in DX and expectations among the market participants that the US Federal Reserve may continue reducing its stimulus package at same pace added downside pressure on the prices………………………………………..Full Article: Source


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